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Chubb Limited $CB Shares Sold by MAI Capital Management
MAI Capital Management reduced its stake in Chubb Limited by 2.5% in Q3, selling 3,977 shares, though other institutional investors increased their holdings significantly. Insider selling also occurred, with EVP Timothy Alan Boroughs selling over 27,000 shares and CEO Evan G. Greenberg selling over 15,000 shares. Chubb recently beat quarterly EPS estimates and analysts maintain an average “Hold” rating with a price target of $340.81.